In 2008, the price of gasoline was $2.79 per gallon. In 2009, the price of gasoline was $3.79 per gallon. What is the percent of increase in the price of gasoline, rounded to the nearest whole percent?
To find the percent increase in the price of gasoline, you can use the formula:
Percent Increase = ((New Price - Old Price) / Old Price) * 100
Plugging in the values:
Percent Increase = (($3.79 - $2.79) / $2.79) * 100
Percent Increase = ($1.00 / $2.79) * 100
Percent Increase = 0.358 * 100
Percent Increase = 35.8%
Rounded to the nearest whole percent, the percent increase in the price of gasoline from 2008 to 2009 is 36%.